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Canada’s main stock index futures were lower as oil prices dropped over a bleak outlook for fuel demand weighing on sentiment. Wall Street futures fell over worries that a visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan would further harm relations between China and the United States. In Asian markets, Japan’s Nikkei and China’s stocks ended lower. European shares slipped, following weak global factory data which fueled economic concerns. The Japanese yen strengthened against the U.S.dollar. Gold prices were up.  
 
 
COMPANIES & NEWS
   Alpha Exploration Ltd. (TSXV: ALEX), is pleased to announce a non-brokered private placement financing of units (“Units“) at a price of C$0.70 per Unit (the “Offering Price“), for aggregate gross proceeds of up to C$3,600,000 million and a maximum of 5,142,857 Units (the “Private Placement“).
Each Unit is comprised of one ordinary share (each, a “Share“) of the Corporation and one whole ordinary share purchase warrant (each whole warrant, a “Warrant“). Each Warrant will entitle the holder to acquire one additional Share (a “Warrant Share“) at an exercise price of $1.05 per Warrant Share (the “Exercise Price“) for a period of 24 months immediately following the Closing Date (as defined below).
The Corporation expects to close the Private Placement on or before September 8, 2022 (the “Closing Date“).
In connection with the Private Placement, Alpha may pay certain arm’s length parties a cash finder’s fee payment equal to up to 6.0% of the Units that are sold to subscribers introduced by such parties.
The net proceeds of the Private Placement will be used to fund ongoing exploration work on the Kerkasha project located in Eritrea, operating and administrative expenses, working capital and general corporate purposes.
In connection with its participation in a previous private placement of the Corporation, which was disclosed in a press release dated April 13, 2022, the Corporation granted a participation right to Crescat Portfolio Management LLC (“Crescat“), which provided Crescat the right to purchase additional securities of the Corporation in future offerings of securities of the Corporation to maintain its proportional percentage, pursuant to the terms of a participation rights agreement dated March 10, 2022. The Corporation has received a binding commitment from Crescat for subscriptions totaling C$700,000.00 in the Private Placement, such subscriptions subject to the conditions outlined below.
Completion of the Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSXV. The TSXV has not approved the Offering Price or the Exercise Price and these remain subject to the change. The Shares, Warrants and the Warrant Shares will be subject to a statutory hold period of four months plus one day from the Closing Date, in accordance with applicable securities legislation.
It is expected that certain Insiders of the Corporation (as such term is defined under the policies of the TSXV) may participate in the Private Placement. The participation of Insiders in the Private Placement will constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Corporation intends to rely upon exemptions from the formal valuation and minority approval requirements of MI 61-101 based on a determination that the fair market value of the Private Placement, insofar as it involves the related parties, does not exceed $1,800,000.
 
   Getchell Gold Corp. (CSE: GTCH), is issuing this press release to comment on the recent trading activity of its common shares.
The Company is not aware of any material, undisclosed information related to the Company that would account for the recent decrease in the market price and level of trading volume of its stock.
About Getchell Gold Corp.
The Company is a Nevada focused gold and copper exploration company trading on the CSE: GTCH and OTCQB: GGLDF. Getchell Gold is primarily directing its efforts on its most advanced stage asset, Fondaway Canyon, a past gold producer with a significant in-the-ground historic resource estimate and on the Star project, a past high-grade copper, gold, and silver small-scale producer. Complementing Getchell’s asset portfolio is Dixie Comstock, a past gold producer with a historic resource and one earlier stage exploration project, Hot Springs Peak (Au). Getchell has the option to acquire 100% of the Fondaway Canyon and Dixie Comstock properties, Churchill County, Nevada.

   Big tech should share Europe network costs – France, Italy, Spain document
France, Italy and Spain are stepping up pressure on the European Commission to come up with legislation that ensures Big Tech firms partly finance telecoms infrastructure in the bloc, a document showed on Monday.

   Air Canada: The company posted a smaller quarterly loss and forecast higher full-year expenses, as the largest Canadian carrier ramps up capacity amid a rise in labor costs and jet fuel prices. The Canadian carrier expects 2022 adjusted cost per available seat mile to be up about 15% to 17%, above 2019 levels, compared to its previous forecast of a 13% to 15% rise. Air Canada reported an operating loss of C$253 million, compared with a loss of C$ 1.13 billion a year earlier. Operating revenue rose to C$3.98 billion from C$837 million last year.
 
   ProMIS Neurosciences Inc. (Nasdaq: PMN) (TSX: PMN), a biotechnology company focused on the discovery and development of antibody therapeutics targeting misfolded proteins such as toxic oligomers implicated in the development of neurodegenerative diseases, today announced details of its poster presentation at the annual Alzheimer’s Association International Conference (AAIC®) being held from July 31-August 4, 2022 at the San Diego Convention Center, San Diego California and online.
Dr. Johanne Kaplan, ProMIS Chief Development Officer delivered a poster presentation on July 31st entitled: “Distinguishing between amyloid-beta-directed antibodies: ability of PMN310 to target toxic oligomers despite competing species.”


   Toronto Dominion Bank: The bank will buy New York-based boutique investment bank Cowen in a $1.3 billion all-cash deal to boost its presence in the high-growth U.S market. The deal announced values each share of Cowen at $39, representing a premium of nearly 10% to the company’s last closing price. Cowen shares rose 8% in premarket trading. The companies expect the deal to close in the first quarter of 2023.

   Yamana Gold Inc: Gold Fields Chief Executive Chris Griffith said that convincing the company’s shareholders to back its takeover offer for Yamana Gold was still a “work in progress”. The market has started to understand the strategy and the timing of the deal, but is still miffed with the premium the company offered to pay, Griffith told reporters at a mining conference in Kalgoorlie, Australia. “We are trying to get them to see the massive upside that exists in this deal. So work in progress is probably the best way to describe it,” he said when asked if investors and shareholders were on board with the deal. 

ECONOMIC EVENTS (EST)
0930 S&P Global Manufacturing PMI SA for July: Prior 54.6

COMPANIES REPORTING 
August 2:
AIR Canada: Expected Q2 loss of 91 Canadian cents per share
Capital Power Corp: Expected Q2 earnings of 53 Canadian cents per share
Ero Copper Corp: Expected Q2 earnings of 47 cents per share
Finning International Inc: Expected Q2 earnings of 66 Canadian cents per share
Gibson Energy Inc: Expected Q2 earnings of 27 Canadian cents per share
Sprott Inc: Expected Q2 earnings of 38 cents per share
Waste Connections Inc: Expected Q2 earnings of 95 cents per share

CORPORATE EVENTS (EST)
0800 AIR Canada: Q2 earnings conference call
1000 Sprott Inc: Q2 earnings conference call
1100 Capital Power Corp: Q2 earnings conference call

EX-DIVIDENDS
LifeWorks Inc: Amount C$0.06
MTY Food Group Inc: Amount C$0.21
United Corporations Ltd: Amount C$0.30

 
 
WORLD MARKETS
(08:03 EST)
image.png
 
 
 
 
US CHATTER

PRE-OPEN
Wall Street futures fell over worries that a visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan would further harm relations between China and the United States. In Asian markets, Japan’s Nikkei and China’s stocks ended lower. European shares slipped, following weak global factory data which fueled economic concerns. The Japanese yenstrengthened against the dollar. Gold prices were up. Oil prices dropped over a bleak outlook for fuel demand. JOLTS job openings data is scheduled for release later in the day.     


COMPANIES & NEWS
• Chinese warplanes buzz line dividing Taiwan Strait before expected Pelosi visit – source

U.S. House of Representatives Speaker Nancy Pelosi was expected to arrive in Taipei later on Tuesday, people briefed on the matter said, as several Chinese warplanes flew close to the median line dividing the Taiwan Strait, a source told Reuters.

• Big tech should share Europe network costs – France, Italy, Spain document
France, Italy and Spain are stepping up pressure on the European Commission to come up with legislation that ensures Big Tech firms partly finance telecoms infrastructure in the bloc, a document showed on Monday.

• BP Plc: The company’s second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins and trading prompted it to boost its dividend and spending on new oil and gas production. BP increased its dividend by 10% to 6.006 cents per share, more than its previous guidance of a 4% annual increase. BP plans to maintain its overall capital expenditure this year in a range of $14 billion to $15 billion. The company also increased its share repurchases plan for the current quarter to $3.5 billion after it bought $4.1 billion in the first half of the year.

• Caterpillar Inc: The industrial bellwether reported a bigger second-quarter adjusted profit, as higher equipment prices helped soften the blow from elevated freight and raw material costs. “Our second-quarter results reflect healthy demand across most of our end markets,” Chief Executive Jim Umpleby said. Caterpillar’s revenue for the quarter through June rose to $14.25 billion from $12.89 billion a year ago. Adjusted profit rose to $3.18 per share from $2.60 per share.

• Devon Energy Corp & Diamondback Energy Inc: The U.S. shale companies on Monday surpassed estimates for second-quarter profit, joining global oil majors in posting bumper earnings on red-hot energy prices. Both Devon and Diamondback sweetened the pot for investors by announcing higher returns, with Devon raising its quarterly dividend to $1.55 from $1.27 and Diamondback hiking share repurchases by $2 billion to $4 billion. Devon and Diamondback also lifted their 2022 production forecasts. However, acquisitions and inflationary pressures also forced both companies to raise their capital expenditure forecasts.

• DuPont de Nemours Inc: The industrial materials maker reported a 63% surge in second-quarter profit, bolstered by strong demand for electronics and construction materials. DuPont said it benefited from a firm demand for high-end semiconductor technologies boosted by growth in 5G communications and data centers, amid an ongoing transition to more advanced node technologies. The company’s net income was $795 million, or $1.55 per share, in the second quarter, compared with $487 million, or 90 cents per share, a year earlier. Total sales jumped 7% to $3.32 billion.

• KKR & Co Inc: The company said its second-quarter after-tax distributable earnings fell 9% year-on-year, as a slowdown in dealmaking amid the market downturn resulted in a plunge in transaction fees it earns from its companies and clients. After-tax distributable earnings — which represents the cash used to pay dividends to shareholders — was $840 million in the second quarter, down from $925.5 million a year earlier. That resulted in after-tax distributable earnings per share of 95 cents, in line with the average of Wall Street analysts’ estimates and down from $1.05 a year ago.

• Marathon Petroleum Corp: The U.S. refiner reported a jump in quarterly adjusted profit, riding on a surge in demand for fuel and refined products amid tight supplies. Marathon’s refining and marketing margins rose to $37.54 per barrel in the second quarter, from $12.45 per barrel year earlier. Adjusted income was $5.69 billion, or $10.61 per share, compared with $437 million, or 67 cents per share, a year earlier.

• Uber Technologies Inc: The company reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ride-hailing and food-delivery services. Uber generated free cash flow of $382 million in the second quarter, topping analysts’ expectations of $263.2 million as trips exceeded pre-pandemic levels, boosted by the reopening of offices and a surge in travel demand. Adjusted EBITDA was $364 million, surpassing estimates of $257.89 million. It now sees adjusted EBITDA between $440 million and $470 million for the third quarter, much higher than analysts’ forecast of $383.95 million.



• Alphabet Inc, Meta Platforms Inc & Netflix Inc: France, Italy and Spain are stepping up pressure on the European Commission to come up with legislation that ensures Big Tech firms partly finance telecoms infrastructure in the bloc, a document showed on Monday. This was the first time the three governments have expressed their joint position on the issue. In a joint paper, a copy of which was seen by Reuters, the three governments said the six largest content providers accounted for 55% of internet traffic. “This generates specific costs for European telecom operators in terms of capacity, at a time they are already hugely investing in the most costly parts of the networks with 5G and Fiber-To-The-Home,” the document said.

• Apple Inc: The company is dropping its mask mandate for corporate employees at most locations, the Verge reported on Monday, citing an internal memo. This comes even as COVID-19 infections in the United States have been on the rise with the BA.4 and BA.5 subvariants of the Omicron variant accounting for more than 90% of infections, according to the U.S. Centers for Disease Control and Prevention. “Don’t hesitate to continue wearing a face mask if you feel more comfortable doing so,” the report quoted Apple as saying in the internal email. “Also, please respect every individual’s decision to wear a mask or not.”

• HSBC Holdings Plc: The company’s bosses met retail investors in Hong Kong, urging them that a strategy to operate as a unified bank is better for its future than a break-up mooted by top shareholder Ping An Insurance Group of China. At a meeting attended by hundreds of shareholders, management of HSBC were quizzed by investors on its strategy for dividends and growth. “Our strategy which is now two and half years into execution should put the bank on the path to deliver returns in 2023 at a level we have not achieved in the last 10 years,” Chairman Mark Tucker said. “This return should help drive and increase the share price and have a positive impact on the dividend.”

• PerkinElmer Inc: The company on Monday agreed to sell three of its businesses to private equity firm New Mountain Capital for up to $2.45 billion in cash, as it looks to focus on its life sciences and diagnostics businesses under a new name. Proceeds from the divestiture will be used to invest in growth in the life sciences and diagnostics segments and to fund future acquisitions, PerkinElmer said. Diagnostics will generate around 60% of the company’s 2022 estimated revenue of $3.3 billion, while life sciences will account for the remainder.

• Pinterest Inc: Activist investor Elliott Investment Management disclosed on Monday it had become the largest shareholder in Pinterest, backing the management of the digital pin-board firm and sending the company’s shares up. Pinterest has “significant potential for growth”, which led Elliott to become its largest shareholder, Elliott managing partner Jesse Cohn and senior portfolio manager Marc Steinberg said in a statement. The firm backed Pinterest Chief Executive Bill Ready, who took over on June 29, and also commended co-founder Ben Silbermann for the leadership transition.

• Smith & Wesson Brands Inc: The U.S. House Oversight Committee has subpoenaed the company for information on its AR-15 style firearms sales and marketing after the gunmaker’s chief executive refused to appear before lawmakers last month, the Washington Post reported. The panel, led by Democratic U.S. Representative Carolyn Maloney, cited incomplete data and gaps in the company’s metrics in seeking documents from the firearms manufacturer, the Post said, citing a copy of the letter notifying CEO Mark Smith of the congressional summons.

• Stellantis NV: The U.S. business of Fiat Chrysler Automobiles was sentenced Monday after pleading guilty in June to criminal conspiracy and will pay nearly $300 million to resolve a multi-year U.S. Justice Department diesel-emissions fraud probe. FCA US LLC, formerly Chrysler Group LLC, previously struck a plea agreement with the Justice Department and agreed to pay a $96.1 million fine and forfeit $203.6 million. FCA US, now a unit of Stellantis, was also sentenced to a three-year term of organizational probation. The company had been charged with making false representations about diesel emissions in more than 100,000 U.S. 2014-2016 Jeep Grand Cherokee and Ram 1500 diesel vehicles.

• Toyota Motor Corp: A major affiliate of Toyota falsified emissions data on some engines going back to at least 2003, more than a decade earlier than previously indicated, a company-sponsored probe showed. The investigative committee tasked by truck and bus maker Hino Motors blamed the scandal on an environment where engineers did not feel able to challenge superiors, in a rare criticism of corporate culture in Japan.

• Unilever Plc: Ben & Jerry’s and its parent Unilever said talks had broken down to resolve their dispute over the sale of the ice cream maker’s Israeli business, which would allow its products in the occupied West Bank. In a letter on Monday to U.S. District Judge Andrew Carter in Manhattan, a lawyer for Ben & Jerry’s said two weeks of mediation to settle out of court proved unsuccessful. He asked Carter to restore Ben & Jerry’s request for a preliminary injunction to block Unilever from selling the Israeli ice cream business to local licensee Avi Zinger.







ECONOMIC EVENTS (EST)
1000 JOLTS job openings for June: Expected 11.000 mln; Prior 11.254 mln


COMPANIES REPORTING 
Advanced Micro Devices Inc: Expected Q2 earnings of $1.03 per share
Assurant Inc: Expected Q2 earnings of $3.16 per share
Caesars Entertainment Inc: Expected Q2 earnings of 17 cents per share
Coterra Energy Inc: Expected Q2 earnings of $1.23 per share
Cummins Inc: Expected Q2 earnings of $4.35 per share
Eaton Corporation PLC: Expected Q2 earnings of $1.82 per share
Electronic Arts Inc: Expected Q1 earnings of 28 cents per share
Expeditors International of Washington Inc: Expected Q2 earnings of $2.13 per share
Extra Space Storage Inc: Expected Q2 earnings of $1.47 per share
FMC Corp: Expected Q2 earnings of $1.88 per share
Gilead Sciences Inc: Expected Q2 earnings of $1.52 per share
Healthpeak Properties Inc: Expected Q2 earnings of 10 cents per share
Illinois Tool Works Inc: Expected Q2 earnings of $2.20 per share
Incyte Corp: Expected Q2 earnings of 76 cents per share
Marriott International Inc: Expected Q2 earnings of $1.56 per share
Match Group Inc: Expected Q2 earnings of 53 cents per share
Microchip Technology Inc: Expected Q1 earnings of $1.34 per share
Occidental Petroleum Corp: Expected Q2 earnings of $3.02 per share
Paycom Software Inc: Expected Q2 earnings of $1.12 per share
PayPal Holdings Inc: Expected Q2 earnings of 86 cents per share
Pioneer Natural Resources Co: Expected Q2 earnings of $8.74 per share
Progressive Corp: Expected Q2 earnings of $1.15 per share
Prudential Financial Inc: Expected Q2 earnings of $2.33 per share
Public Service Enterprise Group Inc: Expected Q2 earnings of 64 cents per share
Solaredge Technologies Inc: Expected Q2 earnings of $1.39 per share
Starbucks Corp: Expected Q3 earnings of 75 cents per share
STERIS plc: Expected Q1 earnings of $1.92 per share
Verisk Analytics Inc: Expected Q2 earnings of $1.41 per share


CORPORATE EVENTS (All timings in U.S. Eastern Time)
0800 Aflac Inc: Q2 earnings conference call
0800 CenterPoint Energy Inc: Q2 earnings conference call
0800 Clearway Energy Inc: Q2 earnings conference call
0800 DuPont de Nemours Inc: Q2 earnings conference call
0800 Gartner Inc: Q2 earnings conference call
0800 Incyte Corp: Q2 earnings conference call
0800 Leidos Holdings Inc: Q2 earnings conference call
0800 Uber Technologies Inc: Q2 earnings conference call
0800 Waters Corp: Q2 earnings conference call
0830 AMETEK Inc: Q2 earnings conference call
0830 Avis Budget Group Inc: Q2 earnings conference call
0830 Caterpillar Inc: Q2 earnings conference call
0830 IDEXX Laboratories Inc: Q2 earnings conference call
0830 KBR Inc: Q2 earnings conference call
0830 Lear Corp: Q2 earnings conference call
0830 Leggett & Platt Inc: Q2 earnings conference call
0830 Marriott International Inc: Q2 earnings conference call
0830 Repligen Corp: Q2 earnings conference call
0830 S&P Global Inc: Q2 earnings conference call
0830 Zebra Technologies Corp: Q2 earnings conference call
0830 Zimmer Biomet Holdings Inc: Q2 earnings conference call
0900 Entegris Inc: Q2 earnings conference call
0900 Syneos Health Inc: Q2 earnings conference call
0900 TopBuild Corp: Q2 earnings conference call
0900 Univar Solutions Inc: Q2 earnings conference call
0900 Xylem Inc: Q2 earnings conference call
0930 MPLX LP: Q2 earnings conference call
0930 Williams Companies Inc: Q2 earnings conference call
1000 Brixmor Property Group Inc: Q2 earnings conference call
1000 CF Industries Holdings Inc: Q2 earnings conference call
1000 Cummins Inc: Q2 earnings conference call
1000 Diamondback Energy Inc: Q2 earnings conference call
1000 Encompass Health Corp: Q2 earnings conference call
1000 Evoqua Water Technologies Corp: Q3 earnings conference call
1000 Henry Schein Inc: Q2 earnings conference call
1000 Huntsman Corp: Q2 earnings conference call
1000 Illinois Tool Works Inc: Q2 earnings conference call
1000 IPG Photonics Corp: Q2 earnings conference call
1000 KKR & Co Inc: Q2 earnings conference call
1000 Omega Healthcare Investors Inc: Q2 earnings conference call
1000 Regal Rexnord Corp: Q2 earnings conference call
1000 Ryman Hospitality Properties Inc: Q2 earnings conference call
1000 Sealed Air Corp: Q2 earnings conference call
1100 Devon Energy Corp: Q2 earnings conference call
1100 Marathon Petroleum Corp: Q2 earnings conference call
1100 Molson Coors Beverage Co: Q2 earnings conference call
1100 Mosaic Co: Q2 earnings conference call
1100 ONE Gas Inc: Q2 earnings conference call
1100 Public Service Enterprise Group Inc: Q2 earnings conference call
1100 Westlake Corp: Q2 earnings conference call
1200 Viper Energy Partners LP: Q2 earnings conference call
1300 Ensign Group Inc: Q2 earnings conference call
1400 WEC Energy Group Inc: Q2 earnings conference call
1630 Airbnb Inc: Q2 earnings conference call
1630 Gilead Sciences Inc: Q2 earnings conference call
1630 Sarepta Therapeutics Inc: Q2 earnings conference call
1700 Advanced Micro Devices Inc: Q2 earnings conference call
1700 Bright Horizons Family Solutions Inc: Q2 earnings conference call
1700 Caesars Entertainment Inc: Q2 earnings conference call
1700 Cirrus Logic Inc: Q1 earnings conference call
1700 Cognex Corp: Q2 earnings conference call
1700 Electronic Arts Inc: Q1 earnings conference call
1700 Exact Sciences Corp: Q2 earnings conference call
1700 Inspire Medical Systems Inc: Q2 earnings conference call
1700 LPL Financial Holdings Inc: Q2 earnings conference call
1700 Microchip Technology Inc: Q1 earnings conference call
1700 Paycom Software Inc: Q2 earnings conference call
1700 PayPal Holdings Inc: Q2 earnings conference call
1700 RingCentral Inc: Q2 earnings conference call
1700 SoFi Technologies Inc: Q2 earnings conference call
1700 Starbucks Corp: Q3 earnings conference call


EX-DIVIDENDS
Conagra Brands Inc: Amount $0.33
Entegris Inc: Amount $0.10
Idacorp Inc: Amount $0.75
Marketaxess Holdings Inc: Amount $0.70

 
 
EUROPE, ASIA CHATTER
 
MARKETS (04:30 GMT)
S&P 500 Index Mini Futures: 4,102.75; down 0.43%; 17.75 points
DJIA Mini Futures: 32,668.00; down 0.3%; 99 points
Nikkei: 27,566.56; down 1.52%; 426.79 points
MSCI Asia, Ex-JP: 515.49; down 1.55%; 8.12 points
EUR/USD: $1.0274; up 0.11%; 0.0011 point
GBP/USD: $1.2254; up 0.03%; 0.0004 point
USD/JPY: 130.78 yen; down 0.65%; 0.85 point
Spot Gold: $1,773.42; up 0.10%; $1.69
U.S. Crude: $93.24; down 0.69%; $0.65
Brent Crude: $99.29; down 0.74%; $0.74
10-Yr U.S. Treasury Yield: 2.5535%; down 0.05 point
10-Yr Bund Yield: 0.7745%; up 0.014 point
 
Euro STOXX 50 futures were down 19 points at 3,687.0, FTSE futures lost 46.5 points to 7,332.5, and German DAX futures were lower 74 points at 13,421.0, by 0430 GMT.

Asia stocks continued a decline from Wall Street, and U.S. long-term Treasury yields sank to a four-month low, pulling the U.S. dollar down against the yen and other currencies as investors worried about the risk of global recession. Hong Kong’s Hang Seng down 3% as Asia markets drop.

Oil prices dropped again as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as major crude producers meet this week to determine whether to increase supply.

COMPANIES & NEWS
U.S. House of Representatives Speaker Nancy Pelosi was expected to arrive in Taipei later on Tuesday, people briefed on the matter said, as the United States said it would not be intimidated by Chinese “sabre rattling” over the visit.

The United States killed al Qaeda leader Ayman al-Zawahiri in a “precision” strike in the centre of Kabul, the Afghanistan capital, President Joe Biden said, the biggest blow to the militant group since its founder Osama bin Laden was killed in 2011.

France, Italy and Spain are stepping up pressure on the European Commission to come up with legislation that ensures Big Tech firms partly finance telecoms infrastructure in the bloc, a document showed on Monday.

 

• BP boosts dividend after profit hits 14-year high
BP’s second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins and trading prompted it to boost its dividend and spending on new oil and gas production.

Ben & Jerry’s and its parent Unilever Plc said talks had broken down to resolve their dispute over the sale of the ice cream maker’s Israeli business, which would allow its products in the occupied West Bank.

HSBC’s bosses will meet retail investors in Hong Kong, the biggest market for Europe’s largest lender, seeking to convince them their strategy to operate as a global bank is vital to boosting growth.

The U.S. business of Fiat Chrysler Automobiles was sentenced Monday after pleading guilty in June to criminal conspiracy and will pay nearly $300 million to resolve a multi-year U.S. Justice Department diesel-emissions fraud probe.

TODAY’S COMPANY ANNOUNCEMENTS
Assicurazioni Generali SpA HY 2022 Earnings Release
Bouygues SA HY 2022 Earnings Release
BP PLC Q2 2022 Earnings Release
Covestro AG Q2 2022 Earnings Call
Direct Line Insurance Group PLC HY 2022 Earnings Release
Ferrari NV Q2 2022 Earnings Call
FinecoBank Banca Fineco SpA Q2 2022 Earnings Call
Fresenius Medical Care AG & Co KGaA Q2 2022 Earnings Call
Koninklijke DSM NV HY 2022 Earnings Call
OCI NV Q2 2022 Earnings Release
Raiffeisen Bank International AG HY 2022 Earnings Release
Siemens Gamesa Renewable Energy SA Q3 2022 Earnings Call
Uniper SE HY 2022 Earnings Release

ECONOMIC EVENTS (GMT)
0600 United Kingdom Nationwide house price mm for July: Expected 0.3%; Prior 0.3%
0600 United Kingdom Nationwide house price yy for July: Expected 11.5%; Prior 10.7%
0700 Spain International Tourist Arrival for June: Prior 9,671,179
0700 Switzerland Consumer Confidence for Q3: Prior -18
0700 Switzerland Consumer Confidence SA for Q3: Prior -27.40
0730 Switzerland Manufacturing PMI for July: Prior 59.1

 
Source (not limited too): Reuters, CNBC, Globe & Mail, InvestorIntel Corp, Kitco, Refinitiv
 
 World Market Today 2 August 2022

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